Dec 5, 02:06 PM

Bitcoin Surges to $100,000 After 7 Drawdowns, Including 3 Over 80% and a $15,000 Drop

Bitcoin investors have celebrated significant milestones as the cryptocurrency has reached a valuation of $100,000. Since 2011, holders have faced extreme volatility, including seven drawdowns of 50% or more, with three of those exceeding 80%. Notable events in Bitcoin's tumultuous history include the FTX collapse, a drop to $15,000, and various market disruptions such as the Great AI pivot and regulatory challenges from the SEC. Despite these challenges, many investors have remained steadfast, earning recognition as 'OGs' for their perseverance in holding onto their assets through multiple crises, including the Mt. Gox incident and the failures of several crypto firms like Celsius and BlockFi.

#Bitcoin #FTX collapse #Great AI pivot #SEC #Celsius #BlockFi

Written with ChatGPT (GPT-4o mini).

Sources

Jason A. Williams@GoingParabolic
2 years ago
If you survived... • Mt Gox • ICOs • NFTs • Celsius • BlockFi • Voyager • The FTX collapse • BTC crashing to $15k • The Great AI pivot • Gary Gensler's SEC & still HODL'ed #Bitcoin to $100k Congrats, you're an OG 🏆
Simply Bitcoin@SimplyBitcoinTV
2 years ago
Congratulations for HODLING through the bear market Don’t let them tell “you got lucky”. You earned it 😌 #Bitcoin https://t.co/kludMfzzU6
musicben 🎧@musicben_eth
2 years ago
congrats to everyone who got lucky ... • joined a btc startup in 2018 days before we nuked to $3k. startup failed + laid off. • stacked non-stop until 2020. • watched btc literally almost freefall to zero on march 13 • somehow didn't capitulate. • multiple 60%+ drawdowns.…

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Bitcoin Surges to $100,000 After 7 Drawdowns, Including 3 Over 80% and a $15,000 Drop

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